JSW Energy Partners with Australian Firm To Develop Green Hydrogen Projects

JSW Energy’s wholly-owned subsidiary, JSW Future Energy Ltd. has partnered with an Australian firm Fortescue Future Industries (FFI), to explore opportunities to develop green hydrogen projects in India.

Under the agreement, FFI and JSW Energy will collaborate and work on potential projects for the production of green hydrogen and explore opportunities to utilize it for green steel making, hydrogen mobility, green ammonia, and other mutually agreed industrial applications in India.

However, the project size, investments, production line, and commencing timelines have not been declared by both firms for now.

FFI claims to be the 100 percent renewable green energy and industry company of Fortescue Metals Group Limited (Fortescue). FFI is establishing a global portfolio of renewable green hydrogen and green ammonia operations and has an initial plan to produce 15 million tonnes per annum of green hydrogen by 2030.

Speaking of the partnership, “Collaborating with JSW Energy provides an exciting opportunity to explore India’s renewable energy and green hydrogen market and positively contribute to India’s decarbonization ambitions.

We look forward to working with JSW Energy on potential projects in India and providing a strong contribution to the world’s transition away from fossil fuels,” said Julie Shuttleworth, CEO of FFI.

While JSW Energy has announced its strategic plan to become a 20 GW capacity power generating company by 2030 with about 85% of the portfolio comprising of green and renewable energy sources only.

Speaking of their plans, JSW Energy Joint Managing Director and CEO, Mr. Prashant Jain stated, “Green hydrogen is going to be the disruptor in the clean energy space and in the near future we believe it will replace the fossil fuels used for various industrial applications as well as in the transportation and mobility sector.”

“We are excited about the partnership with FFI which has a promising repertoire of work in this area and I am confident that along with FFI, we will create a new era of green hydrogen applications in India and fulfill our net-zero commitments earlier than our target of 2050,” he added.

Recently JSW Energy has announced that JSW Future Energy Limited, had received a Letter of Awards for a total blended wind capacity of 810 MW from Solar Energy Corporation of India Limited (SECI) in respect of the tariff-based competitive bid invited by SECI for setting up of 2500 MW ISTS-connected blended wind power projects (Tranche – IX).